OMA on the Record for Federal Corporate Tax Reform

This week the Cleveland Plain Dealer published a letter to the editor from OMA’s Rob Brundrett, Director, Public Policy Services, urging the next president to undertake corporate federal tax reform.

He said: “Until we unshackle the nation’s job creators from the costly, complex and outdated tax code, the U.S. will continue to lose out on new investment.

“The U.S. has the highest corporate tax rate among the industrialized world. Our businesses are burdened with a combined federal and state rate of 39.1 percent. Compare this to the global average rate of 24.1 percent and it’s no surprise that American businesses are reducing investment at home and moving overseas for more favorable tax conditions.”